The Lorain Building, located on the corner of Linden Ave. and Wilfred Ave., presents an excellent opportunity for investors seeking a cash-flowing property with value-add potential. Home of the original Dayton Kroger, the building also carries significant historical character and community recognition. The property is comprised of 4 commercial units, all currently rented, and 3 residential units, 3-Bed/1-Ba. The residential units likely need new paint and flooring to achieve market rents of approximately $1,100 per month. The commercial tenants are currently month-to-month, allowing for immediate rent adjustments. Comparable sales in the area show single-family homes ranging from $135K–$160K and duplexes in the $200K range, supporting the value of this property with its three 3-bedroom residential units and four commercial spaces. The current owner recently had residential tenants vacate with plans to complete renovations personally but has since relocated out of state, leaving the property ready for a new investor to complete updates and stabilize income quickly. Just before, the units were rented at an average of $750/Month in their current condition. A proposal for new windows and flooring (approx. $15,000) is available and will be shared with serious buyers. (Property is agent owned.) Financial Summary Current Gross Income (all residential units vacant): $31,200 Previous Gross Income (with residential units rented at $750/month): $65,400 Projected Gross Income (at market residential rents, without adjusting commercial rents): $70,800 Estimated Operating Costs: $20,000 (low & self-managed)